Gaithersburg Home Sales Report February 2020

Gaithersburg Real Estate

Improve Your Real Estate IQ, Get our Newsletter for Buyers & Sellers Send It To Me!

How's the Real Estate Market in Gaithersburg MD?

Gaithersburg home sales saw the following changes in

February 2020 compared to last year at this time:

- average sold price was $429,766 compared to last year's $394,594

- average days on market to sell a home went to 37 days from 49 days

- average sold price sellers are getting changed to 98.7% from 97.7%

Gaithersburg market activity is summarized in the following chart (mouse over for details):

Gaithersburg Homes Sold

Through February 2020 there were 36 single family homes, 42 townhouses and 41 condos sold.The most expensive single family was sold for $930,000 in the Kentlands.    The most expensive townhome sold for $710,000 in Crown Farm. The most expensive condo sold for $775 in the Kentlands.  There was 16 cash buyers (mostly investors) or 14.6% of buyers.

The chart below shows average home price in Gaithersburg by type.

Are Sellers Getting Their Asking Price in Gaithersburg?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions.  You can see more details in our Gaithersburg Property Value Report.

How Long is it Taking to Sell a Home?

In February 2020, the average days on market was 37 compared to 49 days the same time last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Gaithersburg homes for sale, save your favorites and get updates:

New Listing - 4 weeks online
$201,371
Condo For Sale
Active
1
BED
1
TOTAL BATH
818
SQFT
962 Windbrooke Drive
Gaithersburg, MD 20879
Windbrooke Codm Subdivision
Short Sale
$205,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,164
SQFT
403 Christopher Avenue 19 #19
Gaithersburg, MD 20879
Hyde Park Subdivision
$209,900
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,126
SQFT
Summer Ridge Cod #103
7906 Pearlbush Drive 103
Gaithersburg, MD 20879
New Listing - a week online
$215,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
946
SQFT
Willow Wood Codm #204
7922 Coriander Drive 204
Gaithersburg, MD 20879
Price Change - 4 weeks ago
$219,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,212
SQFT
10000 Stedwick Road 204 #204
Gaithersburg, MD 20886
Center Court Subdivision
$230,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,083
SQFT
Willow Wood Codm #303
7911 Badenloch Way 303
Gaithersburg, MD 20879
$230,000
Commercial For Sale
Active
MONTGOMERY
COUNTY
Fairview Bldg Co #301
438 N Frederick Avenue 301
Gaithersburg, MD 20877
New Listing - yesterday
$233,500
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,147
SQFT
Washingtonian Tower Condo #702
9701 Fields Road 702
Gaithersburg, MD 20878
New Listing - 4 weeks online
$239,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,161
SQFT
Park Place Codm #301
9710 Leatherfern Terrace 301
Gaithersburg, MD 20886
New Listing - 2 weeks online
$249,900
Townhouse For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,369
SQFT
50 Windbrooke Circle
Gaithersburg, MD 20879
Windbrooke Codm Subdivision
$249,900
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,121
SQFT
Washington Tower #2102
9701 Fields Road 2102
Gaithersburg, MD 20878
New Listing - 3 weeks online
$254,900
Townhouse For Sale
Active
2
BEDS
1
TOTAL BATH
1,068
SQFT
1 Docena Court
Gaithersburg, MD 20886
Nathans Hill - Montg Vil Subdivision
$259,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,032
SQFT
7744 Brink Road
Gaithersburg, MD 20882
Laytonsville Outside Subdivision
Price Change - 3 days ago
$259,900
Townhouse For Sale
Active
4
BEDS
3
TOTAL BATHS
1,286
SQFT
Newport Est Sec #105
76 State Court 105
Gaithersburg, MD 20877
New Listing - 4 weeks online
$260,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,376
SQFT
9410 Horizon Run Road 12-F #12-F
Gaithersburg, MD 20886
Horizon Run Subdivision
Short Sale
$260,000
Condo For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,382
SQFT
732 West Side Drive 6-A #6-A
Gaithersburg, MD 20878
Brighton West Subdivision
New Listing - 2 days online
$261,400
Commercial For Sale
Active
MONTGOMERY
COUNTY
Fairview Bldg Co #455
438 N Frederick Avenue 455
Gaithersburg, MD 20877
$269,200
Townhouse For Sale
Pending
3
BEDS
2
TOTAL BATHS
2,200
SQFT
Newport Est Sec #55
18 Federal Court 55
Gaithersburg, MD 20877
New Listing - 4 weeks online
$269,900
Townhouse For Sale
Active Under Contract
3
BEDS
3
TOTAL BATHS
1,188
SQFT
9875 Brookridge Court
Gaithersburg, MD 20886
Mckendree Subdivision
Open House Sun, Aug 1, 5 PM UTC
Please verify times due to COVID-19
$270,000
Townhouse For Sale
Active
3
BEDS
4
TOTAL BATHS
1,343
SQFT
Newport Est Sec #199
84 Nina Court 199
Gaithersburg, MD 20877

Curious about current market conditions in your neighborhood? Get our free custom report - - Click Here!